[THESTAR ONLINE]
Oil palm plantation firm Golden Land Bhd
said its units had entered into agency agreements in Cambodia for
Golden Land to expand its land-banks for palm oil cultivation by nearly
11,000ha.
The company told Bursa Malaysia in two separate announcements yesterday that two of its wholly-owned units, Pacific Bloom Ltd and Gainfield International Ltd, had entered into agency agreements with Cambodian-based agents Virtus Communications Pte Ltd and Mohan Tirugmanasam Bandam.
Pacific
Bloom entered into an agency agreement on March 8 for the Cambodian
parties to apply on its behalf for economic concession rights over
10,922 ha of land located in Dang Peng Commune, Koh Kong Province,
Cambodia from the Cambodian government for agricultural investment
purposes.
A company named Perfect Element Plantation Pte Ltd
will be incorporated as a wholly-owned unit of Pacific Bloom for the
application of the economic concession rights of the leased property.
Meanwhile,
Gainfield International entered into an agency agreement yesterday for
the agents to apply on its behalf for economic concession rights over
11,827 ha located in Dang Peng Commune, Koh Kong Province, Cambodia from
the Cambodian government for agricultural investment purposes.
A company named NWP Private Ltd
will be incorporated as a Golden Land wholly-owned unit for the
application of the economic concession rights of the leased property.
Golden Land hopes that the application of the concession rights will increase its land banks for palm oil cultivation.
No comments:
Post a Comment